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• Centrin

  

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  Posts: 37

  @popinjay I bought 6 of the USB miners last year for about 15 bucks each when the bitcoin price was around $100. Mined with these for a bit and made small change, then sold them and the USB port for $300-$400 as price shot up and the miners followed suit. Used those profits to buy an antminer S1, which I mined maybe 0.5 bitcoins and then sold it for a loss as the antminer was too loud and hot. Overall I am about break even, spending around $800 and making about the same from mining. Only reason though is because I was lucky and bought the USB miners at a super low price, right before they shot up 4X-6X what I paid. Now I'd rather just buy bitcoin straight up.

  I definitely agree that the mining market is most likely quite saturated now and simply buying and holding is almost definitely a better strategy than buying asics at market value.

  Posted on August 3, 2014 at 12:10 PM
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• ezimedia

  

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  Posts: 47
  Location: Australia

  I started my crypto venture with a $50 investment... about 6 months ago..

  I started with the following:

  9 Drillbit Thumb miners USB giving me 10-15 GHS and I am pointing them to all different coins... mostly new alts that a not on exchanges yet....

  mined like 2-3 of them and got like 200-500k each of those coins and then they hit the exchanges... held for a few weeks and dump the coins for like 10 to 20 sats each... used that btc to my more ghs on cex.io , but now it is not really worth mining on there but does not cost me anything..

  I also made enough btc trading some coins on mintpal and bittrix to buy my 1 gridseed 5chip miner and then again I was mining alt coins that where not on exchanges and got lucky and mine 1 for 2 weeks and got like 50k coins and sold them for 50 to 100 sats each... and then invested that btc in to vrc coin... nice coin....

  traded coin for a few more months and just bought a 1.3 mhs zeus miner from ebay for $100 all from my mining and trading coins on mint pal and brittrex...

  also got lucky on buying 2x bit fury usb miners on ebay for like $10 free postage... :) they are still selling for like $10 each..

  so right now I have

  9 x drill bit 15ghs 2 x bit fury 5 ghs 1 x 5 chip gridseed 350 khs and getting my 1.3 mhs zeus this week...

  all from a $50 investment 6 months ago and I still am holding a lot of alot coins and still have btc in mintpal and bittrex to play with.. and some ghs on cex.io

  my next goal is to get a 22 mhs zeus miner from ebay in 2-3 months as the price drops...but they are 1000 watt LOL still they are cheap right now about $450 here on ebay...

  also from time to time I hire mining rigs.. to get a good start on new alt coins..

  Posted on August 4, 2014 at 4:55 AM
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• rukilang

  

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  Posts: 63
  Location: Greed Island

  i mining with eobot :v

  Posted on August 4, 2014 at 2:44 PM
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• SilverBullet

  

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  Posts: 54
  Location: WestCoast

  Some of these rigs look so awsome.

  Posted on August 4, 2014 at 3:20 PM
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• Turn

  

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  Posts: 37

  

  Two 290x Tri-X Sapphire GPUs. Looks ghetto, but does the job nicely. Plus I live in cold weather climate, so my garage is a constant 0F in the winter. Also have two HIS 7950's, but that's in my main computer and have no pictures. Spent around $2,000 on everything 6 months ago, already broke even on it, so that's a plus.

  Right now I'm just waiting on Nvidia's Maxwell GPUs to release. Electric bills are killing me atm, so profits are slim (maybe $7/day revenue running everything, with half that going to pay electric). However, Maxwell architecture is very energy efficiency, so the power/watt/$ will increase 2-3 times. Even the 750 ti only uses 60 watts at full load... Even though it would take 3 750 ti's to equal 1 290x in terms of power, the 290x runs around 380W. 180W vs 380W for the same power? Amazing! Initial investment is slightly higher, but not by much!

  Currently mining Curecoin. I like to mine coins that are innovative and/or useful. Before that I mined Talkcoin, which worked out well. Still hold a few coins in Talkcoin, pretty sure it's gonna rise.

  Posted on August 6, 2014 at 11:49 PM
  Last Edited: August 7, 2014 at 12:07 AM
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• sammir

  

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  Posts: 74

  i was thinking to buy a rig for mine darkcoin on something like what do you think guys worth? about 5000mz

  Posted on August 7, 2014 at 12:01 AM
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• virtapayseller

  

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  Posts: 118
  Location: USA

  I have no rig and no profit till date

  Posted on August 7, 2014 at 12:10 AM
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• Dimid

  

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  Posts: 27

  My farm. Mining 6 months, has earned approximately 2btc http://4put.ru/pictures/max/960/2949442.jpg

  Posted on August 7, 2014 at 1:22 AM
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